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V4573-16 ·25 October 2016 ·consulta-vinculante Medium impact
Tax

Special regime for mergers, demergers and share swaps requires legal compliance and valid economic reasons

A family group requested clarification on whether contributing shares to holdings, followed by a share swap and a subsequent merger, could qualify for the special regime under the Corporate Income Tax Act. The DGT ruled that if technical requirements are met and the objectives are group rationalisation and simplification, the operations are valid.

In 6 key points

How it affects those involved

Companies undertaking restructuring must ensure that transactions are driven by genuine economic rationalisation rather than purely tax-driven motives to qualify for the special tax regime.

Lifecycle

2016-10-25PublishedPublished in the BOE
Official text Based on BOE data (boe.es). Information, not advice.

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This analysis is informational only and does not constitute legal advice or create a client-adviser relationship. BM Consulting.
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